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Hain Celestial to sell international business

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Hain Celestial to sell international business

HOBOKEN, NJ. — The Hain Celestial Group, Inc. is selling its international business to Aurelius, a global private equity firm, for approximately $323 million in cash as part of Hain’s ongoing strategic review to streamline the company and reduce debt. Net proceeds from the transaction are expected to range between $305 million and $310 million, the company said.

The transaction includes the majority of Hain’s international business operations, as well as brands such as Joya and Natumi plant-based beverages; Hartley’s jelly; Linda McCartney Foods; Cully & Sully; Yorkshire Provender; New Covent Garden soups; and Ella’s Kitchen baby and children’s foods, among others.

The sale also is part of Hain’s efforts to simplify its portfolio to focus on its North American business.

Hain said its resulting North American portfolio will include Celestial Seasonings teas; The Greek Gods yogurt; Earth’s Best Organics; Spectrum Organic cooking oils; MaraNatha nut butters; and Imagine broths.

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“The resulting North American business would feature leading brands in attractive categories with a more streamlined operating model and greater focus on core growth opportunities,” said Alison Lewis, president and chief executive officer of Hain Celestial.

By focusing on its North American business, Hain said it expects to implement cost-reduction actions that will generate approximately $16 million of annualized savings on a run rate basis as compared to fiscal 2026.

The sale of its international business follows Hain’s sale of its North American snacks business to Snackruptors, Cambridge, Ont., for $115 million earlier this year.

The North American snacks transaction included such brands as Garden Veggie snacks, Terra chips and Garden of Eatn’ snacks.

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The sale of its international business is expected to close in Hain’s fiscal second quarter, which ends Dec. 31. 

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